New Measures Needed to Support Reinsurance Sector

New US sanctions and major reinsurance companies' aversion to play their proper role has deprived the country of the ability to transfer major risks outside its borders and to the top international players in the key sector. 
Risks are not negligible, experts say, calling for the regulator’s new measures before it is too late. 
Currently, two reinsurance companies operate in the local market. A limited number of insurance firms have also received permission from the regulator to offer reinsurance coverage. Some experts believe that deficiencies in regulations is depriving the reinsurance industry to play its crucial role.